PowerShares DB USD Bull ETF (UUP) - NYSEARCA
  • Aug. 7, 2015, 8:50 AM
    • A September rate hike just got more certain after the U.S. economy added 215K jobs in July and the unemployment rate held at 5.3%.
    • 10-year Treasury prices initially knee-jerked down after the print, but have returned to about flat. The yield is flat at 2.22%. TLT +0.4%, TBT -0.8%
    • The dollar spiked higher and has remained there. UUP +0.3%
    • Both gold (NYSEARCA:GLD) and oil (NYSEARCA:USO) have turned modestly lower since the report, and stock index futures (SPY, DIA, QQQ) have added to losses, now down about 0.35%.
    • Previously: Inline jobs number means September rate hike still likely (Aug. 7)
    • Previously: Jobs up 215K in July; UE rate flat at 5.3% (Aug. 7)
    | Aug. 7, 2015, 8:50 AM | 35 Comments
  • Aug. 5, 2015, 4:13 AM
    • Global bond yields are on the rise after Atlanta Fed President Dennis Lockhart said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September.
    • Lockhart's opinion is especially notable as he's considered a centrist on the FOMC whose views typically mirror the consensus.
    • Tracking similar movement in U.S. treasuries, German 10-year yields +3 bps to 0.66%, rebounding from a two-month low hit on Tuesday.
    • The dollar index is also getting a boost, up 0.2% to 98.23 - its highest since April 23.
    • ETFs: EU, BUNL, BUNT, GGOV, UUP, UDN, FORX, USDU
    | Aug. 5, 2015, 4:13 AM | 10 Comments
  • Jul. 15, 2015, 11:51 AM
    • In her prepared remarks released at 8:30 ET, Fed chief Janet Yellen left little question of her intention to hike rates in 2015. Taking questions since 10 ET - with lawmakers far more concerned with regulatory, rather than monetary issues - Yellen has said nothing to negate that hawkish view (live blog here).
    • Nevertheless, the 10-year Treasury yield - which climbed to 2.43% in the wake of her prepared remarks - has dipped back down to 2.38%. The dollar (UUP +0.4%) - though still higher on the session - has given back some of its gains as well since live testimony began.
    • Perhaps helping the softness in yields is a surprise rate cut from the Bank of Canada.
    • TLT +0.6%, TBT -1.2%
    • ETFs: TBT, TLT, UUP, TMV, UDN, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, FORX, DLBS, USDU, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Jul. 15, 2015, 11:51 AM | 3 Comments
  • Jul. 14, 2015, 8:46 AM
    • In addition to June's big miss in retail sales, the April and May results were revised lower, calling into question either the Fed's determination to hike rates sooner rather than later, the accuracy of the report data, or both.
    • The 10-year Treasury yield is lower by six basis points to 2.39%, and the dollar is down across the board. TLT +0.4%, UUP -0.5%
    • Fed Funds futures are up slightly, thus pricing in less chance of a rate hike this year than previously (now just under 100%).
    • ETFs: TBT, TLT, UUP, TMV, UDN, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, FORX, DLBS, USDU, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Jul. 14, 2015, 8:46 AM
  • Jul. 2, 2015, 8:45 AM
    | Jul. 2, 2015, 8:45 AM | 24 Comments
  • Jun. 29, 2015, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 29, 2015, 4:23 PM | 5 Comments
  • Jun. 26, 2015, 4:19 PM
    | Jun. 26, 2015, 4:19 PM
  • Jun. 24, 2015, 10:43 AM
    • Among the reasons is a strong rebound in GDP data for Q2, says analyst Robin Brooks, with growth for the quarter currently tracking at 3.1%. The timing of Fed rate hikes is somewhat irrelevant, says Brooks, as tighter policy is on the way, and the forex market will "front-run" the move.
    • Goldman is also sticking with its outlier of a bearish call on the euro (NYSEARCA:FXE) not just falling through parity with the greenback, but dropping all the way to $0.80. If the common currency happens to bounce on a Greek agreement, use it as an opportunity to sell more. If no deal is reached, it would call for an even faster move to and through parity.
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 24, 2015, 10:43 AM | 3 Comments
  • Jun. 17, 2015, 2:19 PM
    | Jun. 17, 2015, 2:19 PM | 3 Comments
  • Jun. 16, 2015, 9:08 AM
    | Jun. 16, 2015, 9:08 AM | 4 Comments
  • Jun. 8, 2015, 10:27 AM
    • Reports (subsequently denied by the White House) the President told G-7 delegates the strong dollar "posed a problem," took a toll on the greenback earlier this morning.
      Also maybe at work are bullish traders booking some gains after the dollar's big move on Friday behind the strong employment report.
    • Following a couple of weeks of many putting off the chance of Fed rate hikes until 2016, a September boost has quickly become consensus after Friday's payroll print.
    • UUP -0.6%
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 8, 2015, 10:27 AM | 4 Comments
  • Jun. 5, 2015, 8:47 AM
    | Jun. 5, 2015, 8:47 AM
  • Jun. 2, 2015, 2:12 AM
    • The dollar rose above ¥125 yen on Tuesday for the first time since late 2002 after a survey showed a pick up in construction spending and manufacturing, holding views steady that the Fed will begin to hike interest rates by the end of the year.
    • With the yen at a 12-1/2 year low, Japan's Prime Minister Shinzo Abe and central bank chief Haruhiko Kuroda met today to discuss the global economy.
    • Eyes are also on the the Nikkei share average, which could extend a rally for a 13th straight day to match its record stretch in 1988.
    • The dollar is -0.1% at ¥124.63, after touching a low of ¥125.07.
    • ETFs: UUP, FXY, YCS, UDN, JYN, FORX, USDU, YCL
    | Jun. 2, 2015, 2:12 AM
  • May 29, 2015, 4:17 PM
    | May 29, 2015, 4:17 PM | 3 Comments
  • May 26, 2015, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 1:44 PM | 11 Comments
  • May 26, 2015, 5:56 AM
    • Following upbeat comments from the Fed and Friday's improved inflation data, the dollar rose against a basket of currencies on Tuesday, hitting an eight-year high of 122.76 against the yen.
    • But whether the U.S. currency is ready for an attack on parity with the euro in the weeks ahead will largely depend on U.S. economic data improving after a disappointing Q1. Today's durable goods orders will be among the latest U.S. health indicators.
    • U.S dollar index +0.7% to 97.15.
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 5:56 AM
UUP Description
The PowerShares DB US Dollar Bullish Fund (Symbol: UUP) is based on the Deutsche Bank Long US Dollar Index (USDX®) Futures Index™ (DB Long USD Futures Index). The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of long USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. You cannot invest directly in an index. Ordinary brokerage commissions apply.
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